Apple Single Stock Futures give traders another way to take long or short exposure to Apple without buying or shorting the underlying shares directly.
CME Group offers both standard Apple Futures (SAPPL) and smaller Micro Apple Futures (XAPPL). Lincoln Park Financial can help eligible traders get set up to access these contracts through supported futures platforms and clearing arrangements.
Apple Futures Contract Sizes
SAPPL
Apple Futures
100 Shares
$1 move = $100
XAPPL
Micro Apple Futures
10 Shares
$1 move = $10
What Are Apple Single Stock Futures?
Apple Single Stock Futures are futures contracts tied to the price of Apple stock. You can go long if you expect Apple to rise or short if you expect it to fall.
Unlike buying APPL shares, you are trading a futures contract rather than owning Apple stock. The contracts are financially settled.
How Much Does Apple Futures Move?
Suppose Apple futures move from $230 to $235.
| Contract | Contract Size | Price Move | Approx. P/L per Contract* |
|---|---|---|---|
| XAPPL — Micro Apple | 10 shares | $5 | $50 |
| SAPPL — Apple | 100 shares | $5 | $500 |
How it works:
XAPPL: $5 × 10 = $50
SAPPL: $5 × 100 = $500
*Example illustrates contract value movement only. Actual profit or loss depends on trade direction and entry/exit prices. Commissions, exchange fees, and other applicable trading costs are not included.
Trade Apple Directly
Take a company-specific view instead of trading the entire Nasdaq-100.
Go Long or Short
Express bullish or bearish views through the futures market.
Extended Trading Hours
Respond to Apple-related developments outside the regular U.S. equity session.
What Can Move Apple Futures?
Apple Earnings
Apple reports quarterly financial results, and traders may pay attention to revenue, profitability, guidance, and management commentary when evaluating company-specific price movements. Apple maintains its quarterly financial reports through its Investor Relations site.
Product Launches
Apple product announcements can put additional attention on AAPL.
That can include developments around products such as the iPhone, Mac, iPad, Apple Watch, and other parts of Apple’s ecosystem.
For someone whose trading thesis is specifically about Apple rather than the broader technology sector, Single Stock Futures provide a way to isolate that company-specific exposure.
Services and Ecosystem
Apple is more than a hardware company, so traders may also follow developments around its broader services and ecosystem businesses when forming a view on AAPL.
Company-Specific News
Supply-chain developments, regulatory announcements, product demand, management commentary, and other Apple-specific events can all become reasons a trader may prefer direct AAPL exposure rather than an entire stock index.
Trading Apple Futures Around Earnings
Apple earnings are a good use case for explaining why Single Stock Futures are different from simply buying AAPL during regular stock-market hours.
CME Group Single Stock Futures trade from 5:00 p.m. CT until 4:00 p.m. CT Sunday through Friday, with a daily maintenance period from 4:00 p.m. to 5:00 p.m. CT.
That extended session may give traders additional flexibility to respond to company-specific developments occurring outside the regular U.S. equity session.
That flexibility does not remove risk.
How to Trade Apple Futures with Lincoln Park Financial
Open a Futures Account
Complete a futures account application through Lincoln Park Financial.
Request Single Stock Futures Access
Our team can help confirm the clearing, trading platform, market data, and product setup available for your account.
Choose SAAPL or XAAPL
Choose between the standard 100-share SAAPL contract and the smaller 10-share XAAPL Micro contract.
Fund Your Account and Start Trading
Once your account is approved, funded, and enabled for the product, you can access supported Apple Single Stock Futures through your trading platform.
